Nokia has bought an Illinois-based company called Novarra. Novarra used to be known as Infospeed Communications. Novarra develops mobile web browser technologies. The terms of the acquisition are unknown.
Nokia said that Novarra will be rolled into Nokia’s web browser. Novarra started in 1999 and raised $50 million in funding. Investors in Novarra include Qualcomm Ventures, JK&B Capital, Public Employees Retirement Association of Colorado, and Fort Washington Capital Partners Group. Novarra has about 100 employees. [alarm:clock]